ALBANY, NY - Transparency Market Research, Albany, NY, has released a new market analysis titled Antimicrobial Coatings Market - Global Industry Analysis, Market Size, Share, Trends, Analysis, Growth and Forecast, 2012 – 2018. The report notes that antimicrobial coatings demand was worth $1.6 billion in 2012 and is estimated to reach $3.3 billion in 2018, growing at a CAGR of over 12 percent from 2012 to 2018. North America is the global revenue leader in antimicrobial coatings and dominates the demand for these products.
There is a growing demand for antimicrobial coatings in medical applications such as catheters and other medical devices. With the realization that indoor air pollution can cause more harm to health, there has also been a noticeable rise in the use of antimicrobial coatings in improvement of indoor air quality. Increased use of plastic packaging in food applications has resulted in growing demand for additives and coatings in the food packaging industry. However, factors such as questionable efficacy of coatings used in apparel, health issues associated with the use of active silver as the main ingredient and stringent regulations governing the antimicrobial coatings market are restraining growth.
Active silver has emerged as the most widely used raw material for antimicrobial coatings, as it is believed to show the highest efficacy levels compared to other compounds. Antimicrobial powder coatings demand is expected to grow at a CAGR of 9.1 percent by volume from 2012 and 2018. Surface modifications and coatings are expected to show steady growth rates at CAGR of 8.8 percent by volume and CAGR of 12.2 percent by revenue from 2012 to 2018.
Demand for antimicrobial coatings for indoor air quality is expected to grow at a CAGR of 12.8 percent from 2012 to 2018. Demand for antimicrobial coatings in the medical/healthcare market is expected to grow at a CAGR of 12.6 percent from 2012 to 2018. In case of mold formation, various coatings and products containing antimicrobial substances are being put to use as an aftercare method. The market for these products is expected to grow at a CAGR of 13.1 percent from 2012 to 2018.
The study provides in-depth analysis of the global antimicrobial coatings market, with the market segmented on three levels. In addition, the report provides a cross-sectional analysis of the application sub-segments with respect to the following geographical markets: North America, Europe, Asia-Pacific and the rest of the world.
For additional information about the report, visit www.transparencymarketresearch.com/anti-microbial-coating-market.html.